This property looks like a bad Long-Term investment with a projected -24.28% first-year return on $437k initial cash invested.
-24.28%
Cash On Cash
1.21%
Cap Rate
0.2
DSCR
$5,519
Rent
-$8,843
Cashflow
Cash Flow
$5,519 income − $14,362 expenses = $8,843 out of pocket
Investment Breakdown
|
Purchase Price
$2081k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$437k
Downpayment
20%
$416k
Closing costs
1%
$20,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,519
Total Expenses
$14,362
Mortgage P&I
193%
$10,660
Property Taxes
30%
$1,672
Home Insurance
11%
$595
HOA
0%
$0
Property Management
10%
$552
CapEx
5%
$276
Vacancy
6%
$331
Maintenance
5%
$276
Other
0%
$0